15.07.201908:25 Forex Analysis & Reviews: Technical analysis for GBP/USD currency pair for the week from July 15 to 20, 2019

Trend analysis.

In the coming week, the price will move up with the first target - 1.2661, a pullback level of 23.6% (yellow dotted line).

Fig. 1 (weekly chart).

Complex analysis:

- Indicator analysis – down;

- Fibonacci levels – up;

- Volumes – up;

- Candle analysis – neutral;

- Trend analysis – up;

- Bollinger bands – down;

- Monthly schedule – down.

The conclusion from the complex analysis is the upward movement.

The overall result of the calculation of the GBP/ USD currency pair candle on the weekly chart: the price for weeks is likely to have an upward trend with the presence of the first lower shadow of the weekly white candle (Monday – down) and the absence of the second upper shadow (Friday – up).

The price will move up with the first target - 1.2661, a pullback level of 23.6% (yellow dotted line).